Dr. Paul McGowan:

I might add that regarding letters setting views on the capacity remuneration mechanism during the timeframe the Senator raised, we were at that point going through a complete redesign of the mechanism. We received dozens or even hundreds of items of communication relating to the design of that capacity remuneration mechanism and we analysed all of them. As the Senator will appreciate, we receive a wide variety of views and we try to come up with a design we think is going to work. It is not surprising, therefore, that he will have seen views expressed that were quite trenchant on one side. Equally, however, on the same committee website, he will see a list of all the other letters setting out equally trenchant views on the other side of the argument. That is part of the consultation we go through to try to determine what, on balance, is the best overall design for the capacity remuneration mechanism. As the EY report has identified, perhaps we did not get it 100% right, and now is the time to start looking at that. That is a natural part of the evolution of a market.